The EURCAD 2-hour chart is corresponding to the Daily Update for June 12nd, 2018.
The USDCHF 2-hour chart is corresponding to the Daily Update for June 12nd, 2018.
Despite the "denuclearization" summit, the pair remains bullish.
Crude Oil is running in an upward channel. We foresee that USOIL could reach the 80 $/barrel before to start a corrective cycle.
Watch the price action in Natural Gas if breaks above 3.020.
The CADCHF cross is moving sideways inside a major degree corrective structure; we expect more upsides for this cross.
Follow the price action in the corrective pattern before to trade the NZDJPY cross.
GBPUSD is moving as forecasted in this chart:
Follow the Price Action of this Breakout.
Dollar Index is making a Head & Shoulders pattern.
Watch the price action in Copper if breaks down of 3.0285 level.
The Australian index could be building a top pattern.
Nikkei 225 could make new lower lows creating a second leg.
The leading European index EURO STOXX 50, could see a new lower low in the 3,060 area if breaks down the short-term ascending trend-line.
For IBEX 35 we foresee a new low to the Long-Term Ascending trend-line which could be tested again before to start to climb again.
The French index CAC 40 should make a new lower low completing the corrective structure that is developing.
On the daily chart, you can see the cup and handle pattern, and the handle currently looks like a bull flag. Those two pattern combining indicate a surge in price and new highs ahead. Currently, the bull flag is in play, but if the price breaks out from the downside the dominant handle pattern will be a descending channel, and we are in for more corrective waves...
Market correlation is very strong, and it looks like IOTA is lagging behind other coins. If you look at Bitcoin you can see the same pattern - after a falling wedge in which the price corrected in an ABC Zigzag manner, there was a motive wave and after that wave was completed another corrective structure appeared which went to retest the starting point of the...